Informatica Announces $100 Million Increase to Stock Repurchase Program
Informatica Corporation (Nasdaq: INFA) today announced that the company's Board of Directors has approved an additional $100 million to augment the existing authorization under the company's common stock repurchase program. With this increase, Informatica has approximately $147 million available for common stock repurchases.
Purchases may be made, from time to time, in the open market and will be funded from available working capital. The number of shares to be purchased and the timing of purchases will be based on several factors, including the price of Informatica's stock, general business and market conditions and other investment opportunities.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.